NOT LISTED FOR SALE

307 S Division Ave Polo, IL 61064

Polo Area

Estimated Value: $134,262 - $170,000

Studio
-- Bath
-- Sq Ft
7,536 Sq Ft Lot

Sale Details

Date Sold: July 28, 2023

Last sale price $270,000

Est. 43% decrease in value since last sale

Current estimated payment $1,173 / mo

16 Days on Market

About This Home

As of July 2023

Sold together with 309 S Division Ave! Attention investors- tons of cash flow potential! 7 rental units located just off of downtown Polo. Tenants pay all utilities. 307 is composed of 4 units; three 2 bedrooms and one 1 bedroom, featuring individual laundry appliances in the basement and designated garage parking space. 309 includes 3 units; an upstairs 3 bedroom and two mirrored 2 bedroom units below, each with their own laundry and garage space. All appliances included. Great long term tenants, with mass potential for rental income growth!

Last Agent to Sell the Property

JD Gieson

Re/Max of Rock Valley License #475189225 Listed on: 05/08/2023

Re/Max of Rock Valley

Last Buyer's Agent

JD Gieson

Re/Max of Rock Valley License #475189225 Listed on: 05/08/2023

Re/Max of Rock Valley

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,536

Home Design

  • Metal Roof
  • Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Oven
  • Range

Schools

  • Polo Elementary And Middle School
  • Polo Comm High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Separate Water Meter
  • Electric Water Heater

Community Details

  • 7 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Lot Details

7,536 Sq Ft Lot

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Oven
  • Class: MULTIFAMILY
  • Front: 100
  • Legal Description: Per Title
  • Lvt Date: 05/08/2023
  • Rear: 100
  • Side 1: 150
  • Side 2: 150
  • Style: 2 Story
  • Type: 5+ Units
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 7
  • Number Of Units In Bldg: 7
  • Agent Only_ L A1 User Code: 110988
  • Elementary School: Polo
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Sold together with 309 S Division Ave! Attention investors- tons of cash flow potential! 7 rental units located just off of downtown Polo. Tenants pay all utilities. 307 is composed of 4 units; three 2 bedrooms and one 1 bedroom, featuring individual laundry appliances in the basement and designated garage parking space. 309 includes 3 units; an upstairs 3 bedroom and two mirrored 2 bedroom units below, each with their own laundry and garage space. All appliances included. Great long term tenants, with mass potential for rental income growth!
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Metal

Garage/Parking

  • Total Numberof Parking Spaces: 7

Utilities

  • Cooling: Window Unit
  • Heating: Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Electric
  • Separate Utilities: Yes

Tax Info

  • Year: 2021
  • Taxes: 742964

MLS Schools

  • HighSchool: Polo Comm High
  • School District: Polo 222
  • Middle School: Polo

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Jul 27, 2023
Sold by
Bought by
Seller's Agent
JD Gieson
Re/Max of Rock Valley
Buyer's Agent
JD Gieson
Re/Max of Rock Valley
List Price
$249,900
Sold Price
$270,000
Premium/Discount to List
$20,100
8.04%
Views
56
Current Estimated Value
$153,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$116,684
Avg. Annual Appreciation
-17.14%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$270,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $906,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $270,000 +8.0% --
05/24/2023 05/24/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $249,900 -- --
Source: NorthWest Illinois Alliance of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,042 $41,403 $5,466 $35,937
2024 $4,042 $43,000 $5,400 $37,600
2023 $4,082 $46,681 $5,486 $41,195
2022 $3,942 $43,992 $5,664 $38,328
2021 $3,740 $40,219 $5,178 $35,041
2020 $3,482 $36,397 $4,686 $31,711
2019 $3,420 $35,683 $4,594 $31,089
2018 $3,407 $35,683 $4,594 $31,089
2017 $3,371 $35,228 $4,535 $30,693
2016 $3,264 $33,573 $4,322 $29,251
2015 $3,167 $34,540 $4,446 $30,094
2014 $3,195 $34,540 $4,446 $30,094
2013 $3,290 $35,466 $4,565 $30,901
Source: Public Records

Agents Affiliated with this Home

  • JD Gieson

    Seller's Agent in 2023

    JD Gieson

    RE/MAX

    (815) 677-1873

    1 in this area

    488 Total Sales

    JD Gieson
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202302293

NorthWest Illinois Alliance of REALTORS®

APN: 14-16-181-009

Illinois Ogle County Polo 61064

307 S Division Ave, Polo, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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